I'm just trying to figure how many notes are left, if any, and what the market is doing with this one. It seems this is being quietly bought up to run it. The volume has dried significantly, which would indicate dilution is done.
The company is quiet, no prs, this would also indicate there aren't many shares left to sell. The volume is low, but has been about 200 million per month last 2 months.
I use finra website monthly share volume to get these numbers. The last reported OS was 1.7 billion in a 14c released at end of January I believe. There have been about 20 billion shares traded since then per finra. I would guess 12 to 15 OS max.
Either way. It appears dilution is done and ask is slowly being pecked at while not buying enough to take it off of no bid.... Quiet accumulation.
If I'm right, they can smack it when ready to 1,2.... load up the bid, and will likely pump it to about. 0006 and start scaling out. Then, they make a bull flag for about a couple weeks and send it higher again. I've studied many trip one play charts. This is how it usually goes. What do u think?
They will likely not pull the trigger to wipe out ask until a nice PR to avoid unusual trading activity. Input is appreciated.
